市場調查報告書
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1098595
節熱器的全球市場預測(~2028年):各類型、各用途、各終端用戶、各地區的分析Economizer Market Forecasts to 2028 - Global Analysis By Type (Fluid Economizers, Air-side, Economizers), Application (Refrigeration, Power Plants), End User (Commercial, Industrial) and By Geography |
全球節熱器的市場規模,2021年為110億5,000萬美金,在預測期間內預計以8.7%的年複合成長率成長,至2028年預計達到198億1,000萬美元。
本報告提供全球節熱器市場調查,市場促進因素,阻礙因素,市場機會,COVID-19影響,各市場區隔的市場分析,競爭情形,主要企業的簡介等資訊。
According to Stratistics MRC, the Global Economizer Market is accounted for $11.05 billion in 2021 and is expected to reach $19.81 billion by 2028 growing at a CAGR of 8.7% during the forecast period. Economizers are mechanical devices intended to reduce energy consumption, or to perform useful function such as preheating a fluid. In power plants, economizers are used as heat exchanger devices to conserve the residual heat generated by boilers. Economizers are heat exchangers that transfer the heat in the flue gas to another medium, generally the boiler feed-water, although other streams are sometimes used such as make-up water.
In 2021, the producer price index for heat exchangers in South Korea reached 114.58 points. The PPI slightly increased compared to the previous year. Moreover, following the pandemic the demand is expected to have a positive growth rate with increased preference to complete district energy and renewable energy targets along with the need to suffice HVAC demand. For instance, the UK Government has announced its target of sufficing 17% of UK heating needs through district heating networks by 2030.
Market Dynamics:
Driver:
Rising demand for electricity
A significant increase in the energy consumption and demand for electricity in the world has resulted in the larger size of power plants, so the increasing demand for power plants is driving the growth of the market. Due increase in fuel prices, all power plants are facing pressure for increasing boiler efficiency. So by using an economizer, this pressure can be minimized. In power plants where it is not used, a large quantity of water is required to cool the flue gas before desulphurization which is minimized by using economizers
Restraint:
High Cost
High cost of economizers is a one of the factor restraining the growth of the market. Moreover, economizers require humidification in low temperature, this humidification process further increases cost and time duration of the process which is another factor hampering the growth of the market. Additionally, the high installation and maintenance cost associated with economizers is restraining the growth of this market to some extent.
Opportunity:
Increasing application in data centre
The increasing application of economizers in data centers to complement or replace cooling devices like computer room air conditioners (CRACs) or chillers. Thus demands from data centers are creating opportunities for the market. Economizers can help lower a data center's energy consumption and the associated costs while moving toward a greener computing environment. Economizers are commonly used in data centers to reduce the reliance on cooling devices, such as chillers, compressors, or computer room air conditioners..
Threat:
Stringent Regulation
Stringent environmental regulations along with rising co2 emission are acting as market threat for the growth of the market in the forecast period. Government bodies and professional organizations, provide recommendations and guidelines for deploying economizers effectively.
Power Plants segment is expected to be the largest during the forecast period
The power plants segment is the largest and the fastest-growing application segment of the economizer market, as economizers in power plants are used as heat exchanger devices, which conserve the residual heat generated by boilers. The increasing demand for electricity has led to the installation of new fossil fuel-based thermal power plants in several provinces worldwide, which, in turn, is predicted to drive the demand for economizers, worldwide.
The Industrial segment is expected to have the highest CAGR during the forecast period
The Industrial segment is expected to have the highest CAGR during the forecast period, as in this segment, economizers are used as heat exchangers to preheat fluid, which results in energy conservation. Economizers are also utilized as combustion products, such as flue gases, to recover residual heat. The industrial segment is the largest and the fastest-growing end-use industry segment of the market.
Region with highest share:
The Asia Pacific is projected to hold the highest market share, due to the growing construction sector along with rapid industrialization. Additionally, a rising number of power plant projects and waste heat recovery projects in the region is another factor that is anticipated to propel the growth of the market. In Asia-Pacific, India, China, Indonesia, South Korea, and Japan are some of the major economies that are observing an increase in the investments in the development of new power plants, owing to which, considerable growth is projected to witness in the market. The enhancement of existing power plants and increasing government initiatives for harnessing renewable energy in emerging economies, such as India and China are the prominent factors that propel the growth of the market in this region.
Region with highest CAGR:
North America is projected to have the highest CAGR, due to increasing environmental concerns & awareness about energy efficiency among end-users of cooling systems. Moreover, the rising demand for economizers increases in the existing industries. Economizers have multiple applications which are highly useful for industrial uses such as power plants, HVAC, boilers, refrigeration, and others. These are some of the few factors motivating market growth.
Key players in the market:
Some of the key players profiled in the Economizer Market include Thermax Ltd, Stulz Air Technology Systems, Inc, Secespol SP. z o.o., Schneider Electric SE, Saacke GMBH, Johnson Controls International PLC, Honeywell International Inc, Cleaver-Brooks, Inc, Cleaver-Brook, Cain Industries,, Cain Industries, Belimo Holding AG, Babcock & Wilcox Enterprises Inc, Alfa Laval AB, Kelvion, SWEP.
Key developments:
In October 2017: SWEP launched a new B4 model which enables proper heat exchange in applications with compactness requirements and narrow temperature approaches. It is Easy to install and use, and the product is small but flexible, making it a particularly good choice for saving VRF and heat pump-focused applications.
In January 2019: Kelvion launched two new products to transform waste heat into energy: industrial installations and power plants generate waste heat which is generally released into the air. They can turn waste heat into useful forms of energy, reducing emissions and increasing efficiency. Kelvion 2 Recover Waste Heat solutions provide a convenient way to save energy, improve performance and combat global warming.
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What our report offers:
Free Customization Offerings:
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Table17 North America Economizer Market Outlook, By Air-side Economizers (2020-2028) (US $MN)